Vision Payroll

September 17, 2008

Tip of the Week: HSAs Can Provide Tax Savings and Cost Reduction

The Treasury Department and the Small Business Administration recently announced a new website to provide information on how a Health Savings Account (HSA) can help businesses meet their employees’ health insurance needs. The new website gives an overview of HSAs, their advantages and disadvantages, a FAQ section, a comparison among different types of plans, and resources for more information. It will also be updated on a regular basis with news and official information concerning HSAs. President Bush recently participated in a roundtable discussion on HSAs with small business leaders in Oklahoma City. Vision Payroll can work with you and your benefits broker to determine if an HSA is right for you and, if so, to ensure that your HSA is properly established. Vision Payroll will also ensure that your deductions are properly calculated and reported for federal and state tax purposes. Don’t wait to be the last business on your block with an HSA—contact Vision Payroll today to get started.

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